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For the first time since May, 2008, the Dow Jones Industrial Average traded above the psychological milestone of 13,000. Yes, 13,000 is just a number, but every time we reach a milestone, it helps investors shed a little bit more of their post-financial crisis stress disorder.
Dow 13,000 for the first time since May, 2008: What got it there?
Seeded on Tue Feb 21, 2012 1:04 PM EST
Article Source: CBS News- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (7)
The inevitable question is why have stocks have done so well? The answer is three-fold: (1) Greece/Europe didn't collapse, (2) the economic data in the U.S. has improved and (3) central banks across the world have turned on the spigots to make money abundant.
- 4 votes
#1 - Tue Feb 21, 2012 1:04 PM ESTWell, the banks have ripped off so many homes. They need to sell all this property but they are not moving here in my state. We are sitting on a ledge, I hope there is some kind of teamwork in Washington. We can swing either way. Keeping my fingers and toes crossed.
- 1 vote
#2 - Tue Feb 21, 2012 2:14 PM ESTThere has been several positive economic indicators lately, and job growth has been moving right along, slowly but surely. I think it would be moving faster, but republican obstructionism in Congress has been purposely trying to make the economy fail in an attempt to take the White House from President Obama in November. It's looking more and more like the republicans are going to fail, thankfully!
- 2 votes
I am hoping the republicans fail in their current endeavors. Wow, after 2010 it feel like a state by state war party.
I hope you are correct McSpocky.
- 1 vote
It looks like things aren't going too smoothly for the Teapublicans at the moment. :)
- 1 vote
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